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达力环保(01790) - 截至2025年9月30日止月份之股份发行人的证券变动月报表
2025-10-08 02:47
致:香港交易及結算所有限公司 公司名稱: 達力環保有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01790 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | ...
达力环保(01790) - 2025 - 中期财报
2025-09-17 08:58
股份代號 : 1790 (於開曼群島註冊成立的有限公司) 中期報告 2025 INTERIM REPORT 2025 Interim Report 2025 目錄 2 公司資料 4 釋義 7 管理層討論及分析 17 企業管治及其他資料 23 中期財務資料的審閱報告 25 簡明綜合收益表 26 簡明綜合全面收益表 27 簡明綜合財務狀況表 29 簡明綜合權益變動表 30 簡明綜合現金流量表 31 簡明綜合中期財務資料附註 44 二零二零年至二零二五年財務概要 公司資料 董事會 主席兼非執行董事 Lim Chin Sean先生 執行董事 Wong Kok Sun先生 非執行董事 Lim Siew Ling女士 獨立非執行董事 陳于文先生 Hew Lee Lam Sang先生 譚家熙先生 審核委員會 Hew Lee Lam Sang先生 (主席) Lim Chin Sean先生 譚家熙先生 薪酬委員會 陳于文先生 (主席) 譚家熙先生 Hew Lee Lam Sang先生 提名委員會 Lim Chin Sean先生 (主席) Lim Siew Ling女士 (於二零二五年六月二十六日獲委任) 譚家熙先生 陳于文先生 ...
达力环保(01790) - 截至2025年8月31日止月份之股份发行人的证券变动月报表
2025-09-02 02:37
FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 達力環保有限公司 (於開曼群島註冊成立的有限公司) 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01790 | 說明 | | | | | | | | | 已發行股份(不包括庫存股份)數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | 第 2 頁 共 10 頁 ...
达力环保(01790)发布中期业绩,净利润5055.8万港元,同比增长1.3%
Zhi Tong Cai Jing· 2025-08-28 09:07
Core Viewpoint - Dali Environmental (01790) reported a decline in revenue for the first half of 2025, indicating challenges in maintaining growth despite a slight increase in net profit [1] Financial Performance - Revenue for the first half of 2025 was HKD 105 million, representing a year-on-year decrease of 5.8% [1] - Net profit reached HKD 50.558 million, showing a year-on-year increase of 1.3% [1] - Basic earnings per share were HKD 0.05 [1]
达力环保发布中期业绩,净利润5055.8万港元,同比增长1.3%
Zhi Tong Cai Jing· 2025-08-28 08:55
Core Viewpoint - Dali Environmental (01790) reported a decline in revenue for the first half of 2025, while net profit showed a slight increase, indicating mixed financial performance [1] Financial Performance - Revenue for the first half of 2025 was HKD 105 million, representing a year-on-year decrease of 5.8% [1] - Net profit reached HKD 50.558 million, reflecting a year-on-year growth of 1.3% [1] - Basic earnings per share were HKD 0.05 [1]
达力环保(01790.HK):上半年纯利为5055.8万港元 同比增加1.3%
Ge Long Hui· 2025-08-28 08:53
Core Viewpoint - Dali Environmental (01790.HK) reported a revenue of HKD 105 million for the six months ending June 30, 2025, representing a year-on-year decrease of 5.8% [1] - The company achieved a gross profit of HKD 79.972 million, down 3.3% year-on-year [1] - The profit attributable to shareholders increased by 1.3% to HKD 50.558 million, with basic earnings per share at HKD 0.05 [1] Financial Performance - Revenue for the first half of the year was HKD 105 million, a decrease of 5.8% compared to the previous year [1] - Gross profit stood at HKD 79.972 million, reflecting a decline of 3.3% year-on-year [1] - Profit attributable to shareholders was HKD 50.558 million, which is an increase of 1.3% year-on-year [1] - Basic earnings per share were reported at HKD 0.05 [1] Corporate Actions - Dali Environmental plans to hold a board meeting on August 28 to approve the interim results [2]
达力环保(01790) - 2025 - 中期业绩
2025-08-28 08:32
[Financial Summary](index=1&type=section&id=Financial%20Summary) This section provides an unaudited financial overview for the six months ended June 30, 2025, highlighting key performance indicators Unaudited Financial Summary for the Six Months Ended June 30, 2025 | Indicator | June 30, 2025 (HK$ thousand) | June 30, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 105,200 | 111,700 | (6,500) | -5.8% | | Gross Profit | 80,000 | 82,700 | (2,700) | -3.3% | | Profit | 50,600 | 49,900 | 700 | 1.4% | [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the Group's condensed consolidated financial statements, including the statement of profit or loss, comprehensive income, and financial position [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the company's revenue decreased by **5.8%** to **HK$105.2 million**, yet profit for the period increased by **1.4%** to **HK$50.6 million** due to lower finance costs and income tax expense, with basic and diluted earnings per share remaining at **HK$0.05** Key Data from Condensed Consolidated Statement of Profit or Loss (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 105,236 | 111,671 | (6,435) | -5.8% | | Cost of sales | (25,264) | (28,964) | 3,700 | -12.8% | | Gross profit | 79,972 | 82,707 | (2,735) | -3.3% | | Other income | 1,193 | 915 | 278 | 30.4% | | Net other losses | (1,742) | (259) | (1,483) | 466.7% | | General and administrative expenses | (5,953) | (6,404) | 451 | -7.0% | | Operating profit | 73,470 | 76,959 | (3,489) | -4.5% | | Finance costs | (11,543) | (14,643) | 3,100 | -21.2% | | Profit before income tax | 61,927 | 62,316 | (389) | -0.6% | | Income tax expense | (11,369) | (12,397) | 1,028 | -8.3% | | Profit for the period | 50,558 | 49,919 | 639 | 1.3% | | Basic and diluted earnings per share (HK$) | 0.05 | 0.05 | 0.00 | 0.0% | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, profit for the period was **HK$50.6 million**, and total comprehensive income for the period significantly increased to **HK$92.7 million** from **HK$17.4 million** in the prior year, driven by a favorable shift in currency translation differences Key Data from Condensed Consolidated Statement of Comprehensive Income (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | Profit for the period | 50,558 | 49,919 | 639 | | Exchange differences on translation | 42,098 | (32,479) | 74,577 | | Total comprehensive income for the period | 92,656 | 17,440 | 75,216 | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets increased by approximately **3.6%** to **HK$2,227.7 million** compared to December 31, 2024, with total equity growing by approximately **6.7%** to **HK$1,472.2 million** while total liabilities slightly decreased, leading to increases in both net current assets and net assets Key Data from Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | **ASSETS** | | | | | | Non-current assets | 1,232,641 | 1,232,065 | 576 | 0.05% | | Current assets | 995,085 | 917,529 | 77,556 | 8.45% | | **TOTAL ASSETS** | **2,227,726** | **2,149,594** | **78,132** | **3.63%** | | **EQUITY** | | | | | | Total equity | 1,472,174 | 1,379,518 | 92,656 | 6.72% | | **LIABILITIES** | | | | | | Non-current liabilities | 489,311 | 500,874 | (11,563) | -2.31% | | Current liabilities | 266,241 | 269,202 | (2,961) | -1.10% | | **TOTAL LIABILITIES** | **755,552** | **770,076** | **(14,524)** | **-1.89%** | | Net current assets | 728,844 | 648,327 | 80,517 | 12.42% | | Total assets less current liabilities | 1,961,485 | 1,880,392 | 81,093 | 4.31% | [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) This section provides detailed notes to the condensed consolidated interim financial information, covering accounting policies, segment reporting, and specific financial statement items [Basis of Preparation](index=6&type=section&id=Basis%20of%20Preparation) The Group's condensed consolidated interim financial information is prepared in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited and HKAS 34 'Interim Financial Reporting' issued by the HKICPA, adopting a going concern basis with sufficient working capital for the next 12 months - The interim financial information is prepared in accordance with the Hong Kong Listing Rules and HKAS 34, and should be read in conjunction with the 2024 financial statements[9](index=9&type=chunk) - The Board confirms the Group has sufficient working capital to meet its financial obligations for the next 12 months, and the financial information is prepared on a going concern basis[10](index=10&type=chunk) [Application of New and Revised Hong Kong Financial Reporting Standards](index=6&type=section&id=Application%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group adopted HKAS 21 and HKFRS 1 (Amendments) 'Lack of Exchangeability' during the period, with no significant impact on performance or financial position, while several new standards and amendments effective in 2026 and 2027 are currently being assessed for their potential impact - Amendments to standards adopted in the current period, such as HKAS 21 and HKFRS 1 'Lack of Exchangeability', have no significant impact on the Group's performance or financial position[11](index=11&type=chunk) New and Revised Standards Not Yet Effective | Standard Name | Content | Effective Date | | :--- | :--- | :--- | | HKFRS 9 and HKFRS 7 (Amendments) | Classification and Measurement of Financial Instruments | January 1, 2026 | | Annual Improvements to HKFRSs — Volume 11 | Various standard improvements | January 1, 2026 | | HKFRS 9 and HKFRS 7 (Amendments) | Contracts that Rely on Natural Energy Production for Electricity | January 1, 2026 | | HKFRS 18 | Presentation and Disclosure in Financial Statements | January 1, 2027 | | HKFRS 19 | Disclosure for Non-Publicly Accountable Subsidiaries | January 1, 2027 | | HK Interpretation 5 | Classification by a Borrower of a Term Loan that Contains a Repayment on Demand Clause | January 1, 2027 | | HKFRS 10 and HKAS 28 (Amendments) | Sale or Contribution of Assets between an Investor and its Associate or Joint Venture | To be determined | [Revenue and Segment Information](index=7&type=section&id=Revenue%20and%20Segment%20Information) The Group operates as a single segment, providing wastewater treatment services in China, with all revenue and non-current assets located within the country, generating **HK$49.1 million** from wastewater treatment operations and **HK$56.1 million** from service concession finance income as of June 30, 2025 - The Group is considered a single operating segment, primarily providing wastewater treatment services in China[14](index=14&type=chunk)[15](index=15&type=chunk) Revenue Sources (Six Months Ended June 30) | Revenue Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Wastewater treatment operation services | 49,100 | 53,495 | | Service concession arrangement finance income | 56,136 | 58,176 | | **TOTAL REVENUE** | **105,236** | **111,671** | - All revenue is derived from customers in China, and all non-current assets are located in China[19](index=19&type=chunk) - Customer A accounts for **100%** of the Group's total revenue[18](index=18&type=chunk) [Other Income](index=8&type=section&id=Other%20Income) For the six months ended June 30, 2025, other income increased to **HK$1.2 million**, primarily due to higher interest income Other Income Details (Six Months Ended June 30) | Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Interest income | 781 | 616 | | Others | 412 | 299 | | **TOTAL** | **1,193** | **915** | [Income Tax Expense](index=9&type=section&id=Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense was **HK$11.4 million**, an **8.1%** decrease from the prior year, primarily comprising current and deferred income tax Income Tax Expense Details (Six Months Ended June 30) | Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current income tax | 6,245 | 8,777 | | Deferred income tax | 5,124 | 3,620 | | **TOTAL** | **11,369** | **12,397** | [Earnings Per Share](index=9&type=section&id=Earnings%20Per%20Share) For the six months ended June 30, 2025, both basic and diluted earnings per share remained at **HK$0.05**, consistent with the prior year, as there were no potential dilutive ordinary shares issued Earnings Per Share (Six Months Ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit attributable to ordinary equity holders of the Company (HK$ thousand) | 50,558 | 49,919 | | Weighted average number of ordinary shares in issue (thousand shares) | 1,000,000 | 1,000,000 | | Basic earnings per share (HK$) | 0.05 | 0.05 | | Diluted earnings per share (HK$) | 0.05 | 0.05 | [Dividends](index=9&type=section&id=Dividends) For the six months ended June 30, 2025, the Company neither paid nor declared any dividends - The Company neither paid nor declared dividends during the reporting period[25](index=25&type=chunk) [Receivables under Service Concession Arrangements](index=9&type=section&id=Receivables%20under%20Service%20Concession%20Arrangements) As of June 30, 2025, total receivables under service concession arrangements increased to **HK$1,711.9 million**, an approximate **3.1%** increase from December 31, 2024, primarily due to the appreciation of RMB against HKD Receivables under Service Concession Arrangements (As of June 30) | Category | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current | 489,360 | 439,135 | | Non-current | 1,222,497 | 1,221,653 | | **TOTAL** | **1,711,857** | **1,660,788** | - The total amount of receivables increased by approximately **HK$48.1 million** or **2.9%**, primarily attributable to the appreciation of RMB against HKD[50](index=50&type=chunk) [Trade and Other Receivables](index=10&type=section&id=Trade%20and%20Other%20Receivables) As of June 30, 2025, trade and other receivables increased to **HK$411.6 million**, a **19.8%** rise from December 31, 2024, primarily due to an increase in trade receivables, with those over **365 days** increasing due to delayed settlement by the Yinchuan Municipal Urban Management Bureau Trade and Other Receivables (As of June 30) | Category | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables | 394,221 | 326,658 | | Other receivables | 16,889 | 16,209 | | Prepayments | 440 | 607 | | **TOTAL** | **411,550** | **343,474** | Ageing Analysis of Trade Receivables (As of June 30) | Ageing | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0–30 days | 19,417 | 16,240 | | 31–60 days | 21,136 | 17,302 | | 61–90 days | 19,759 | 17,999 | | 91–180 days | 48,247 | 57,780 | | 181–365 days | 112,567 | 102,373 | | Over 365 days | 173,095 | 114,964 | | **TOTAL** | **394,221** | **326,658** | - Trade receivables over **365 days** increased, primarily due to delayed settlement procedures by the Yinchuan Municipal Urban Management Bureau[27](index=27&type=chunk) [Borrowings](index=11&type=section&id=Borrowings) As of June 30, 2025, the Group's total borrowings decreased by **3.4%** to **HK$601.1 million** from December 31, 2024, primarily due to repayment of long-term loans, with all borrowings secured by contractual rights to Group revenue and land use rights Borrowings Details (As of June 30) | Category | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current portion of long-term borrowings | 364,667 | 384,742 | | Current portion of long-term borrowings | 218,253 | 218,950 | | Short-term borrowings | 18,190 | 18,411 | | **TOTAL** | **601,110** | **622,103** | - Borrowings decreased by approximately **HK$21.0 million** or **3.4%**, primarily due to the repayment of long-term loans of approximately **HK$38.7 million**[53](index=53&type=chunk)[54](index=54&type=chunk) - Borrowings are secured by contractual rights to revenue generated by the Group and land use rights where the wastewater treatment plants are located[28](index=28&type=chunk) [Trade and Other Payables](index=11&type=section&id=Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables slightly decreased to **HK$27.6 million** from December 31, 2024, with a significant portion of trade payables aged over **90 days** Trade and Other Payables (As of June 30) | Category | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 16,278 | 17,933 | | Retention payables | 469 | 489 | | Other payables and accrued expenses | 10,861 | 9,732 | | **TOTAL** | **27,608** | **28,154** | Ageing Analysis of Trade Payables (As of June 30) | Ageing | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0–30 days | 723 | 915 | | 31–60 days | 574 | 679 | | 61–90 days | 657 | 737 | | Over 90 days | 15,979 | 13,947 | | **TOTAL** | **17,933** | **16,278** | [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) This section provides a comprehensive overview of the Group's business operations, strategic outlook, and detailed financial performance review for the reporting period [Business Review](index=12&type=section&id=Business%20Review) The Group operates and manages three wastewater treatment facilities in Yinchuan, Ningxia, China, providing services under a **30-year** Transfer-Operate-Transfer (TOT) model, with a total daily treatment capacity of **375,000 cubic meters** as of June 30, 2025, and processed approximately **37.8 million cubic meters** during the period, a **0.5%** decrease due to lower inflow, while strictly adhering to discharge standards without significant quality issues - The Group operates and manages three wastewater treatment facilities in Yinchuan, Ningxia, China, providing services under a **30-year** Transfer-Operate-Transfer (TOT) model[30](index=30&type=chunk) - As of June 30, 2025, the total daily wastewater treatment capacity is **375,000 cubic meters**, with discharge standards meeting Class I-A and quasi-Class IV water standards[30](index=30&type=chunk) - During the reporting period, the total volume of wastewater treated was approximately **37.8 million cubic meters**, a decrease of approximately **0.5%** compared to the same period last year, primarily due to generally lower wastewater inflow[31](index=31&type=chunk) - The Group strictly adheres to national policy discharge standards and has not encountered any significant quality issues or interruptions[31](index=31&type=chunk) - Revenue for the reporting period was approximately **HK$105.2 million**, with profit after tax of approximately **HK$50.6 million**, showing an increase in profit despite a decrease in revenue[31](index=31&type=chunk) [Development Strategies and Prospects](index=13&type=section&id=Development%20Strategies%20and%20Prospects) China's economy showed resilient growth in H1 2025 but is projected to slow to **4.5%** for the full year, impacted by US tariffs, a weak labor market, and a sluggish property sector, with the Group focusing on new water tariff finalization, expansion and upgrade projects, compensation agreements, operational excellence, and exploring M&A opportunities - China's economy showed resilience in H1 2025, but full-year growth is projected to slow to approximately **4.5%**, impacted by US tariffs, a weak labor market, and a sluggish property sector, with the central government expected to provide additional fiscal support[34](index=34&type=chunk) - In the second half of the year, the Group will focus on finalizing new water tariffs and the finalization of Phase I of the Second Treatment Plant, Phase I (upgrade project) of the Fourth Treatment Plant, and Phase II (expansion project) of the Fourth Treatment Plant[34](index=34&type=chunk) - The Group will continue to finalize the compensation agreement with the Yinchuan Municipal Government regarding the closure of the First Treatment Plant[35](index=35&type=chunk) - Operationally, the Group will continue to ensure robust operations, stable compliance with discharge standards, cost optimization, and enhanced management efficiency[35](index=35&type=chunk) - The Group will explore potential merger and acquisition opportunities for wastewater treatment assets in Yinchuan, Ningxia, and other regions in China to expand its footprint[35](index=35&type=chunk) [Financial Review](index=14&type=section&id=Financial%20Review) This section provides a detailed review of the reporting period's financial performance, highlighting a **5.8%** revenue decrease, a **1.4%** profit increase, and improved liquidity and capital resources, alongside changes in key income statement and balance sheet items [Revenue](index=14&type=section&id=Revenue) Total revenue decreased by **5.8%** from **HK$111.7 million** to **HK$105.2 million**, with wastewater treatment operation services revenue declining by **8.2%** due to reduced operating costs, and service concession arrangement finance income decreasing by **3.6%** primarily from a lower opening balance of receivables Revenue Composition and Changes (Six Months Ended June 30) | Revenue Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Wastewater treatment operation services | 49,100 | 53,500 | (4,400) | -8.2% | | Service concession arrangement finance income | 56,100 | 58,200 | (2,100) | -3.6% | | **TOTAL REVENUE** | **105,200** | **111,700** | **(6,500)** | **-5.8%** | - The decrease in wastewater treatment operation services revenue is primarily attributable to reduced wastewater treatment operating costs, particularly chemical costs, leading to lower revenue recognized based on actual costs and a reasonable profit margin[37](index=37&type=chunk) - The decrease in service concession arrangement finance income is primarily due to a lower opening balance of receivables under service concession arrangements[37](index=37&type=chunk) [Cost of Sales](index=14&type=section&id=Cost%20of%20Sales) Cost of sales decreased by **12.8%** from **HK$29.0 million** to **HK$25.3 million**, with wastewater treatment operating costs falling by **18.0%** due to lower chemical costs, and other cost of sales decreasing by **1.1%** primarily from reduced repair and maintenance expenses Cost of Sales Composition and Changes (Six Months Ended June 30) | Cost of Sales Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Wastewater treatment operating costs | 16,400 | 20,000 | (3,600) | -18.0% | | Other cost of sales | 8,900 | 9,000 | (100) | -1.1% | | **TOTAL COST OF SALES** | **25,300** | **29,000** | **(3,700)** | **-12.8%** | - Wastewater treatment operating costs decreased primarily due to a reduction in chemical costs of approximately **HK$2.0 million**[39](index=39&type=chunk) - Other cost of sales decreased primarily due to a reduction in repair and maintenance costs of approximately **HK$0.5 million**[40](index=40&type=chunk) [Gross Profit and Gross Profit Margin](index=15&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) Gross profit decreased by **3.3%** from **HK$82.7 million** to **HK$80.0 million**, primarily due to reduced revenue from wastewater treatment operation services, while the gross profit margin increased from **74.1%** to **76.0%** Gross Profit and Gross Profit Margin Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Gross Profit | 80,000 | 82,700 | (2,700) | -3.3% | | Gross Profit Margin | 76.0% | 74.1% | 1.9% | - | - The decrease in gross profit is primarily due to reduced revenue generated from wastewater treatment operation services[41](index=41&type=chunk) [Other Income](index=15&type=section&id=Other%20Income) Other income increased by **33.3%** from **HK$0.9 million** to **HK$1.2 million**, primarily due to higher interest income resulting from increased cash and bank balances Other Income Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Other Income | 1,200 | 900 | 300 | 33.3% | - The increase in other income is primarily due to higher interest income of approximately **HK$0.2 million** resulting from increased cash and bank balances[42](index=42&type=chunk) [Net Other Losses](index=15&type=section&id=Net%20Other%20Losses) Net other losses significantly increased by **466.7%** from **HK$0.3 million** to **HK$1.7 million**, primarily due to a court-ordered payment of approximately **HK$1.6 million** to a contractor Net Other Losses Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Other Losses | 1,700 | 300 | 1,400 | 466.7% | - The increase in net other losses is primarily due to a court-ordered payment of approximately **HK$1.6 million** to a contractor[43](index=43&type=chunk) [General and Administrative Expenses](index=15&type=section&id=General%20and%20Administrative%20Expenses) General and administrative expenses decreased by **6.3%** from **HK$6.4 million** to **HK$6.0 million**, primarily due to reduced staff welfare expenses General and Administrative Expenses Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | General and Administrative Expenses | 6,000 | 6,400 | (400) | -6.3% | - The decrease in general and administrative expenses is primarily due to a reduction in staff welfare expenses of approximately **HK$0.3 million**[44](index=44&type=chunk) [Finance Costs](index=16&type=section&id=Finance%20Costs) Finance costs decreased by **21.2%** from **HK$14.6 million** to **HK$11.5 million**, primarily due to a reduction in the People's Bank of China's 5-year Loan Prime Rate and the repayment of approximately **HK$48.4 million** in bank borrowings Finance Costs Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Finance Costs | 11,500 | 14,600 | (3,100) | -21.2% | - The decrease in finance costs is primarily due to a reduction in the People's Bank of China's 5-year Loan Prime Rate and the repayment of approximately **HK$48.4 million** in bank borrowings[45](index=45&type=chunk) [Income Tax Expense](index=16&type=section&id=Income%20Tax%20Expense) Income tax expense decreased by **8.1%** from **HK$12.4 million** to **HK$11.4 million**, with the effective tax rate falling from **19.9%** to **18.4%**, primarily benefiting from the extension of China's environmental industry tax incentive policy, reducing the corporate income tax rate from **25.0%** to **15.0%** until 2027 Income Tax Expense and Effective Tax Rate Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Income Tax Expense | 11,400 | 12,400 | (1,000) | -8.1% | | Effective Tax Rate | 18.4% | 19.9% | -1.5% | - | - The decrease in the effective tax rate is primarily due to the extension of China's environmental industry tax incentive policy by the Chinese tax authorities, reducing the corporate income tax rate from **25.0%** to **15.0%** until 2027[46](index=46&type=chunk) [Profit for the Period and Total Comprehensive Income](index=16&type=section&id=Profit%20for%20the%20Period%20and%20Total%20Comprehensive%20Income) Profit for the period increased by **1.4%** from **HK$49.9 million** to **HK$50.6 million**, while total comprehensive income significantly rose from **HK$17.4 million** to **HK$92.7 million**, primarily due to currency translation differences arising from the appreciation of RMB against HKD Profit for the Period and Total Comprehensive Income Changes (Six Months Ended June 30) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Profit for the Period | 50,600 | 49,900 | 700 | 1.4% | | Total Comprehensive Income | 92,700 | 17,400 | 75,300 | 432.8% | - The significant increase in total comprehensive income is primarily due to currency translation differences arising from the appreciation of RMB (functional currency) against HKD (reporting currency)[47](index=47&type=chunk) [Earnings Per Share](index=17&type=section&id=Earnings%20Per%20Share) Basic and diluted earnings per share attributable to owners of the Company remained at **HK$0.05** per share - Basic and diluted earnings per share remained at **HK$0.05** per share, consistent with the prior year[48](index=48&type=chunk) [Receivables under Service Concession Arrangements](index=17&type=section&id=Receivables%20under%20Service%20Concession%20Arrangements) Total receivables under service concession arrangements increased by **2.9%** from **HK$1,660.8 million** to **HK$1,708.9 million**, primarily due to the appreciation of RMB against HKD Changes in Receivables under Service Concession Arrangements | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Current portion | 486,400 | 439,100 | 47,300 | 10.8% | | Non-current portion | 1,222,500 | 1,221,700 | 800 | 0.1% | | **TOTAL** | **1,708,900** | **1,660,800** | **48,100** | **2.9%** | - The increase in total receivables is primarily due to the appreciation of RMB against HKD[50](index=50&type=chunk) [Trade and Other Receivables](index=17&type=section&id=Trade%20and%20Other%20Receivables) Trade and other receivables increased by **19.8%** from **HK$343.5 million** to **HK$411.6 million**, primarily due to an increase in trade receivables Changes in Trade and Other Receivables | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Trade and Other Receivables | 411,600 | 343,500 | 68,100 | 19.8% | - The increase is primarily due to a rise in trade receivables of approximately **HK$67.6 million**[51](index=51&type=chunk) [Cash and Bank Balances](index=17&type=section&id=Cash%20and%20Bank%20Balances) Cash and bank balances decreased by **28.2%** from **HK$133.6 million** to **HK$95.9 million**, primarily due to the repayment of approximately **HK$48.4 million** in bank borrowings Changes in Cash and Bank Balances | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 95,900 | 133,600 | (37,700) | -28.2% | - The decrease in cash and bank balances is primarily due to the repayment of approximately **HK$48.4 million** in bank borrowings[52](index=52&type=chunk) [Borrowings](index=18&type=section&id=Borrowings) Total borrowings decreased by **3.4%** from **HK$622.1 million** to **HK$601.1 million**, primarily due to the repayment of approximately **HK$38.7 million** in long-term loans Changes in Total Borrowings | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Borrowings | 601,100 | 622,100 | (21,000) | -3.4% | - The decrease in borrowings is primarily due to the repayment of approximately **HK$38.7 million** in long-term loans[54](index=54&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=Liquidity%20and%20Capital%20Resources) As of June 30, 2025, net current assets increased to **HK$728.8 million** and net assets increased to **HK$1,472.2 million**, indicating an improvement in liquidity and capital resources Changes in Liquidity and Capital Resources | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net Current Assets | 728,800 | 648,300 | | Net Assets | 1,472,200 | 1,379,500 | [Gearing Ratio](index=18&type=section&id=Gearing%20Ratio) The gearing ratio (net debt divided by total equity) decreased from **35.4%** as of December 31, 2024, to **34.3%** as of June 30, 2025, indicating a reduction in financial leverage Changes in Gearing Ratio | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Gearing Ratio | 34.3% | 35.4% | [Contingent Liabilities](index=18&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities or outstanding litigations - The Group had no significant contingent liabilities or outstanding litigations at the end of the reporting period[57](index=57&type=chunk) [Interim Dividends](index=18&type=section&id=Interim%20Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025, and 2024 - The Board does not recommend the payment of an interim dividend[58](index=58&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) This section covers additional information including corporate governance compliance, audit committee review, post-reporting period events, and securities transactions by directors [Compliance with Corporate Governance Code](index=18&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The Company has consistently applied and complied with all applicable provisions of the Corporate Governance Code as set out in Appendix C1 Part 2 of the Listing Rules during the reporting period - The Company has consistently applied and complied with all applicable provisions of the Corporate Governance Code as set out in Appendix C1 Part 2 of the Listing Rules[59](index=59&type=chunk) [Audit Committee](index=19&type=section&id=Audit%20Committee) The Audit Committee has reviewed the Group's unaudited interim results, discussed accounting policies with senior management and external auditors, and comprises two independent non-executive directors, one of whom possesses professional accounting qualifications, and one non-executive director - The Audit Committee has reviewed the Group's unaudited interim results and discussed the accounting policies adopted[60](index=60&type=chunk) - The Audit Committee comprises two independent non-executive directors, one of whom possesses professional accounting qualifications, and one non-executive director[60](index=60&type=chunk) [Review of Condensed Consolidated Interim Financial Information](index=19&type=section&id=Review%20of%20Condensed%20Consolidated%20Interim%20Financial%20Information) The Company's unaudited condensed consolidated interim financial information has been reviewed by independent auditor PricewaterhouseCoopers in accordance with Hong Kong Standard on Review Engagements 2410 - The unaudited condensed consolidated interim financial information has been reviewed by independent auditor PricewaterhouseCoopers[61](index=61&type=chunk) [Events After the Reporting Period](index=19&type=section&id=Events%20After%20the%20Reporting%20Period) There have been no significant subsequent events for the Group after the reporting period and up to the date of this announcement - No significant events occurred after the reporting period[62](index=62&type=chunk) [Standard Code for Securities Transactions by Directors](index=19&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company has adopted the Standard Code as set out in Appendix C3 of the Listing Rules, and all directors have confirmed full compliance with the code during the reporting period - The Company has adopted the Standard Code as set out in Appendix C3 of the Listing Rules, and all directors have confirmed full compliance[63](index=63&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=20&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) During the reporting period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities, and as of June 30, 2025, the Company held no treasury shares - During the reporting period, neither the Company nor its subsidiaries engaged in the purchase, sale, or redemption of listed securities[64](index=64&type=chunk) - As of June 30, 2025, the Company held no treasury shares[64](index=64&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=20&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) The interim results announcement has been published on the HKEX website and the Company's website, with the interim report to be made available on the aforementioned websites in due course - The interim results announcement has been published on the HKEX and Company websites, and the interim report will be published in due course[65](index=65&type=chunk) [Acknowledgement](index=20&type=section&id=Acknowledgement) The Board extends its sincere gratitude to shareholders for their support and to the Group's staff for their hard work and contributions - The Board expresses its gratitude to shareholders and staff[66](index=66&type=chunk)
达力环保(01790.HK)拟8月28日举行董事会会议批准中期业绩
Ge Long Hui· 2025-08-18 09:37
Core Viewpoint - Dali Environmental (01790.HK) announced that it will hold a board meeting on August 28, 2025, to approve the interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend, if any [1] Group 1 - The board meeting is scheduled for August 28, 2025 [1] - The meeting will focus on approving the interim results for the six months ending June 30, 2025 [1] - The company will also consider the payment of an interim dividend during the meeting [1]
达力环保(01790) - 董事会会议日期
2025-08-18 09:28
香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責,對其準確性或完整性亦不發表任何聲明,並明確表示,概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 TIL ENVIRO LIMITED 達 力 環 保 有 限 公 司 (於開曼群島註冊成立之有限公司) (股份代號:1790) 董事會會議日期 承董事會命 達力環保有限公司 主席 Lim Chin Sean 香港,2025年8月18日 於本公告日期,非執行董事為Lim Chin Sean先生及Lim Siew Ling女士;執行董事 為Wong Kok Sun先生;及獨立非執行董事為陳于文先生、Hew Lee Lam Sang先生 及譚家熙先生。 達力環保有限公司(「本公司」)董事(「董事」)會(「董事會」)謹此宣佈,本公司將於 2025年8月28日( 星期四 )舉行董事會會議,以( 其中包括 )批准本公司及其附屬公 司截至2025年6月30日止六個月之中期業績及其發佈,以及考慮派付中期股息( 如 有 )。 ...
达力环保(01790) - 截至2025年7月31日止月份之股份发行人的证券变动月报表
2025-08-01 03:37
FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致:香港交易及結算所有限公司 公司名稱: 達力環保有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01790 | 說明 | | | | | | | | | 已發行股份(不包括庫存股份)數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份 ...